-industry trade and particularly trade in intermediate goods within developed neighborhoods such as the EU, North America and … neighborhoods are also experiencing such complementarity between regional and global trade, the relation being stronger beyond a …

This paper studies the intangible costs of international trade by extending the basic gravity equation with measures of … cultural and institutional distance, and institutional quality. Analyzing a sample of bilateral trade flows between 92 … countries in 1999, we find that institutional distance has a negative effect on bilateral trade, presumably because the …